PEAK6 LLC Sells 349,700 Shares of PSQ Holdings, Inc. $PSQH

Key Points

• PEAK6 LLC significantly reduced its stake in PSQ Holdings, selling 349,700 shares, which is an 81.4% decrease, leaving it with 79,685 shares valued at approximately $182,000.
• PSQ Holdings recently reported an earnings per share (EPS) of ($0.18), surpassing analysts' estimates of ($0.27), but its revenue fell short at $7.08 million against expectations of $9.11 million.
• Following recent rating changes, PSQ was downgraded from a "hold" to a "sell" by Wall Street Zen, although it still holds a consensus rating of "Buy" with a price target of $6.00.

PEAK6 LLC trimmed its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 81.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 79,685 shares of the company's stock after selling 349,700 shares during the period. PEAK6 LLC owned approximately 0.19% of PSQ worth $182,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of PSQ during the 1st quarter worth about $98,000. Spire Wealth Management lifted its holdings in shares of PSQ by 68.0% during the 1st quarter. Spire Wealth Management now owns 396,751 shares of the company's stock worth $909,000 after acquiring an additional 160,601 shares during the period. Merit Financial Group LLC bought a new position in shares of PSQ during the 1st quarter worth about $215,000. Toronto Dominion Bank bought a new position in shares of PSQ during the 4th quarter worth about $91,000. Finally, Squarepoint Ops LLC bought a new position in shares of PSQ during the 4th quarter worth about $109,000. 17.32% of the stock is owned by institutional investors.

PSQ Trading Up 0.3%

Shares of PSQ stock opened at $1.67 on Monday. The stock has a market capitalization of $76.44 million, a P/E ratio of -1.23 and a beta of -0.04. The company has a quick ratio of 2.73, a current ratio of 2.97 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $2.04 and a 200 day simple moving average of $2.20. PSQ Holdings, Inc. has a 12-month low of $1.55 and a 12-month high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.09. The business had revenue of $7.08 million during the quarter, compared to analysts' expectations of $9.11 million. PSQ had a negative net margin of 169.29% and a negative return on equity of 224.55%. Research analysts expect that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of PSQ from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $6.00.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.

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